This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Moody’s Upgrades Argentina by Two Notches to Caa1
July 18, 2025
Argentina’s issuer ratings have been upgraded to Caa1 from Caa3 by Moody’s with a stable outlook. The upgrade follows steps taken by the government to liberalize the exchange rate regime and capital controls, adding to the support from the $20bn IMF program. These support the availability of hard currency liquidity and ease pressure on external finances. In April earlier this year, authorities replaced the crawling peg with a new regime allowing the Argentine peso to float within a managed band, initially set between ARS 1000-1400/USD with monthly adjustments. With the aim to rebuild foreign reserves and support hard currency liquidity, this shift introduces higher flexibility to the exchange rate and sustains external debt payments. The $20bn disbursement from the IMF and about $6.1bn from other multilateral agencies will support Argentina’s external debt service. Also, Moody’s highlights that the expected boost from extractive sector and net FDI inflows should fulfil other foreign currency needs. Argentina’s GDP expanded by 5.9% in 1Q2025 and is expected to grow by 4% in 2025 as per Moody’s.
However, Argentina’s dollar bonds have been trending lower recently, with its 4.125% 2035s down by 0.5 points at 63.68, yielding 12.14%.
For more details, click here
Go back to Latest bond Market News
Related Posts:
Argentina Upgraded to CCC by Fitch
November 18, 2024
Argentina Upgraded to Caa3 by Moody’s
January 27, 2025
Credit rating boost for Ireland & Portugal: EU inches towards recovery
September 20, 2017
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.